4 Tax Benefits of Owning a Home

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One of the strongest arguments for getting out of the rental pool is the taxable benefits of owning a home. Instead of the rent you pay going right into the landlord’s pocket every month, a portion of every mortgage payment is credited towards interest and property taxes paid each year. A taxpayer can deduct the mortgage interest and property taxes paid on his/her primary residence against his/her taxable income.

Here’s how it works.

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